Ragtime Company had the following information for the year: Direct materials used Direct labor incurred (5,600 hours) Actual manufacturing overhead incurred $118,400 $157,500 $172,200 Ragtime Company used a predetermined overhead rate of $37 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17,100. What was cost of goods manufactured? Multiple Choice $466.000 $457,200 O $448,100 $275,900